bigit keynote - big data & critical thinking

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  1. 1. LutzFinger.com Big Data & Critical Thinking Sep 2016 Twitter: @LutzFinger Snapchat: LutzFinger
  2. 2. LutzFinger.com Disclaimer This presentation is solemnly my own opinion and does not necessarily represent the opinion of my employers.
  3. 3. LutzFinger.com Data Is Value?
  4. 4. LutzFinger.com I was not alone
  5. 5. LutzFinger.com ASK the right Questions. MEASURE the right data even if it is not Big data. Take Actions and LEARN from them. ?
  6. 6. LutzFinger.com They Knew How To Make Money
  7. 7. LutzFinger.com Google had the Right Question Leading to the Right Data But They Had Not The Right Data
  8. 8. LutzFinger.com ASK the right Questions. MEASURE the right data even if it is not Big data. Take Actions and LEARN from them. ?
  9. 9. LutzFinger.com Harper Reed, CTO at Obama for America BIG DATA IS BULLSHIT
  10. 10. LutzFinger.com To Get Data is EASY To Get The Right Data is HARD To Get Insights is EASY To Make Money of Data/Insights is HARD
  11. 11. LutzFinger.com SCHOOLSCOMPANIES KNOWLEDGESKILLSMEMBERS JOBS LinkedIn's vision is to create economic opportunity for every member of the global workforce.
  12. 12. LutzFinger.com The Right Data - But ... 300+ Million Member at LinkedIn 60.000 with a Job Title that might fit 19.000 who switched after 3 to 8 years 24 who had the same career path
  13. 13. LutzFinger.com Describing Skills Source: World Economic Forum - Human Capital Report 2016
  14. 14. LutzFinger.com Talent On The Move Source: World Economic Forum - Human Capital Report 2016
  15. 15. LutzFinger.com Data by itself is USELESS Information by itself is often USELESS Only Action Counts! Data Reporting prescriptive, predictive, actionable, data science the holy grail
  16. 16. LutzFinger.com Data Business Cases . Banking: Card Fraud Detection Banking: Credit Scoring Media: Content Recommendation HR: Online Recruiting Health Care: Fraud Detection Medicine: Image Processing Medicine: Outliers Detection Education: Course Improvement Retail: Likelihood to Buy Books: Marketing Planning Manufacturing: Machine Failure Prediction Manufacturing: Optimization Insurance: Likelihood & Pricing Transportation: Route Planning Energy: Grid Utilization
  17. 17. LutzFinger.com Everyone Tries Many Just Start Volum n ofD ataBusiness C aseAdvanced ?
  18. 18. LutzFinger.com Measure / Data is essential. Impactful Access Competitive Sustainable
  19. 19. LutzFinger.com Data is the new oil - World Economic Forum Photo by William Warby under the Creative Commons (CC BY 2.0)
  20. 20. LutzFinger.com
  21. 21. LutzFinger.com Photo by KOMUnews under the Creative Commons (CC BY 2.0)
  22. 22. LutzFinger.com Data Might (Not) Be A Barrier To Enter
  23. 23. LutzFinger.com Data Might (Not) Be A Barrier To Enter
  24. 24. LutzFinger.com Does Size Matter?
  25. 25. LutzFinger.com How Many Points For A Line?
  26. 26. LutzFinger.com Summary THE ASK is the hardest part, but there are many use-cases to get started. ? Take Actions and LEARN with the Right Team and the Right Timing. MEASURE / DATA is essential. Data needs to create an impact as well as a sustainable competitive advantage.
  27. 27. LutzFinger.com Thank You